Bonds
NZ Govt Bond Tender #612; weighted average yield accepted drops to 2.70% and coverage ratio is stable at 2.05
17th Aug 17, 2:11pm
by
The New Zealand Debt Management Office has announced the results of NZ Govt Bond tender number 612 held on August 17, 2017.
Tender Date: Thursday, August 17, 2017
Bids close: 2.00pm
Results: From 2.05pm
Settlement Date: Tuesday, August 22, 2017
| Aug 17 - #612 | Jul 20 - #609 | Jun 15 - #606 | May 18 - #603 | Apr 20 - #600 | Aug 16 - #580 | ||
| Series Offered | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | 2.75% 15 April 2025 | |
| Total Amount offered ($million) |
200 |
200 | 150 | 150 | 150 | 150 | |
| Total Amount Allocated ($million) | 200 | 200 | 150 | 150 | 150 | 150 | |
| Total Number of bids Received | 32 | 36 | 44 | 30 | 48 | 56 | |
| Total Amount of bids Received ($million) | 410 | 400 | 643 | 512 | 675 | 720 | |
| Total Number of Successful bids | 20 | 15 | 14 | 1 | 7 | 14 | |
| Highest Yield Accepted (%) | 2.7100 | 2.8300 | 2.6300 | 2.6950 | 2.8950 | 2.0500 | |
| Lowest Yield Accepted (%) | 2.6900 | 2.8050 | 2.6150 | 2.6950 | 2.8850 | 2.0300 | |
| Highest Yield Rejected (%) | 2.7800 | 2.9300 | 2.7100 | 2.7600 | 3.0050 | 2.1100 | |
| Lowest Yield Rejected (%) | 2.7150 | 2.8300 | 2.6300 | 2.7000 | 2.8950 | 2.0500 | |
| Weighted Average Accepted Yield (%) | 2.7020 | 2.8190 | 2.6222 | 2.6950 | 2.8890 | 2.0408 | |
| Weighted Average Rejected Yield (%) | 2.7418 | 2.8576 | 2.6627 | 2.7256 | 2.9406 | 2.0705 | |
| Amount Allotted at Highest Accepted Yield as Percentage of Amount bid at that Yield* | 100.0 | 90.0 | 27.8 | 100.0 | 50.0 | 30.0 | |
| Coverage ratio | 2.0500 | 2.0000 | 4.2867 | 3.4133 | 4.5000 | 4.8000 |
*Individual allotments may vary due to rounding.
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